NYSE$DOW
Dow Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Dow's financial performance for the second quarter of 2022 was reported, showing increased net sales but decreased operating earnings compared to the previous year.
Dow reported a 13% increase in net sales compared to the year-ago period, with gains in all operating segments and regions. However, operating EBIT was down due to higher raw material and energy costs, as well as lower equity earnings. The company returned $1.3 billion to shareholders through share repurchases and dividends.
- GAAP earnings per share (EPS) was $2.26; Operating EPS was $2.31, compared to $2.72 in the year-ago period.
- Net sales were $15.7 billion, up 13% versus the year-ago period with gains in all operating segments and regions.
- GAAP Net Income was $1.7 billion; Operating EBIT was $2.4 billion, down $453 million versus the year-ago period.
- Returns to shareholders totaled $1.3 billion in the quarter, comprised of $800 million in share repurchases and $505 million in dividends.
Headline financials
Revenue & EPS history
Dow · Revenue · Quarterly
$15.7B
Revenue by segment
Dow · $15.7B total across 4 segments · Q2 2022
- Packaging & Spec. Plastics$8.23B+15.6%52.6%
- Industrial & Infra$4.37B+3.7%27.9%
- Performance Materials$3B+21.8%19.2%
- Corporate$58M-31.0%0.4%
Forward guidance
Dow expects long-term fundamentals to drive growth across its end markets, leveraging its diverse portfolio and flexible operating model to capitalize on opportunities. The company's focus remains on delivering value and shareholder remuneration.
Tailwinds
- Long-term fundamentals driving growth across end markets remain attractive
- Leveraging diverse, global portfolio and flexible operating model
- Capitalizing on attractive growth opportunities
- Actions taken to enhance the resiliency of the business position us well to deliver value
- Disciplined and balanced approach to capital allocation has delivered higher mid-cycle earnings
Headwinds
- Near-term market conditions are dynamic
- Impacts of pandemic-related lockdowns in China
- Continued logistics constraints
- Higher energy and raw material costs
- Unspecified economic environments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-1.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-1.5%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+13.0%
Q3 2025
Best reaction
-9.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -2.1% | -7.2% | |
| Q4 2025 | -1.9% | +9.8% | +10.6% | |
| Q3 2025 | +13.0% | +17.0% | +2.3% | |
| Q2 2025 | +2.0% | +2.7% | +9.2% | |
| Q1 2025 | +2.6% | +5.7% | -2.3% | |
| Q4 2024 | -6.1% | -6.1% | -7.2% | |
| Q3 2024 | -3.5% | -3.9% | -11.7% | |
| Q2 2024 | -0.9% | +0.7% | +0.4% | |
| Q1 2024 | +0.5% | -0.1% | +1.4% | |
| Q4 2023 | +1.8% | +2.6% | +6.2% | |
| Q3 2023 | -1.5% | -0.3% | +6.6% | |
| Q2 2023 | +2.2% | +5.5% | +1.9% | |
| Q1 2023 | -5.1% | -1.8% | -9.1% | |
| Q4 2022 | +1.9% | +2.5% | -0.2% | |
| Q3 2022 | +3.9% | +6.0% | +10.9% | |
| Q2 2022 | -3.2% | -2.4% | +5.6% | |
| Q1 2022 | +1.4% | -0.3% | +0.8% | |
| Q4 2021 | +4.9% | +8.0% | +4.2% | |
| Q3 2021 | -2.5% | -2.0% | -4.3% | |
| Q2 2021 | +0.6% | +3.7% | +1.9% | |
| Q1 2021 | -4.2% | -3.3% | +6.2% | |
| Q4 2020 | -4.6% | +0.4% | +9.0% | |
| Q3 2020 | -0.0% | -4.1% | +12.7% | |
| Q2 2020 | -3.9% | -3.9% | -1.7% | |
| Q1 2020 | -9.4% | -10.9% | +3.0% | |
| Q4 2019 | +2.8% | -0.9% | -14.3% | |
| Q3 2018 | +3.5% | +3.2% | +9.6% | |
| Q3 2019 | +6.9% | +9.0% | +14.8% | |
| Q2 2019 | -7.0% | -8.3% | -22.9% | |
| Q4 2017 | -7.0% | -8.3% | -22.9% | |
| Q4 2018 | -7.0% | -8.3% | -22.9% | |
| Q2 2018 | -7.0% | -8.3% | -22.9% | |
| Q1 2019 | -5.0% | -5.7% | -16.7% | |
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